精选优质文档-倾情为你奉上CHAPTER 3Solutions to the Problems in the TextbookConceptual Problems:1. The production function provides a quantitative link between inputs and output. For example, the Cobb-Douglas production function mentioned in the text is of the form:Y = F(N,K) = AN1-qKq, where Y represents the level of output. (1 - q) and q are weights equal to the shares of labor (N) and capital (K) in production, while A is often used as a measure for the level of technology. It
